Alberta tech companies will gain new international partners and access to more markets thanks to a new agreement with the Mexican state of Nuevo Leon.
As part of Premier Rachel Notley’s focus on jobs and economic diversification, the Alberta government has signed a Memorandum of Understanding (MOU) with Nuevo Leon to explore opportunities that promote innovation.
The agreement is focused on the areas of information and communication technologies, life sciences, environmental technologies and clean energy. Alberta is the first Canadian province with this type of MOU with the Mexican state.
“We’re fighting for what matters, like more great opportunities for Alberta’s innovators. This agreement means they’ll gain valuable international experience that helps attract investment and growth, benefiting all Albertans. Mexico is becoming an even more important trading partner as we work towards our shared goals of innovation and expanded technology sectors.”
~Deron Bilous, Minister of Economic Development and Trade
“We’re pleased to collaborate with the Government of Alberta and are eager to sign this agreement that will surely bring great benefits for both regions. As a leader in digital transformation and 4.0 technologies in Mexico, Nuevo Leon has a lot to offer to Alberta.”
~Roberto Russildi, Secretary of Economy and Labour, Nuevo Leon
- Mexico is Alberta’s third largest bilateral trading partner.
- Bilateral trade between Mexico and Alberta totalled $2.8 billion in 2017.
- Of all the Mexican states, Nuevo Leon is considered one of the biggest contributors to national economic growth, and is Mexico’s leading state for advanced manufacturing with a strong record of technology commercialization.
- The Alberta-Nuevo Leon MOU will be in place until Sept. 30, 2021.
- Historically, Alberta has established successful technology partnership opportunities with jurisdictions in Mexico, China and Europe.